Closing Trade : SPY

Stock / Symbol: SPDR S&P 500 ETF / SPY;

Option Strategy: [private_monthly] iron condor[/private_monthly];
Trade entry date: Jan 14;
Price at trade entry: $146.70;
Price at this post: $151.85

Current Position:
Short -3 SPY Feb13 153 calls
Long 3 SPY Feb13 155 calls
Short -6 SPY Feb13 138 puts
Long 6 SPY Feb13 135 puts

Reasoning: Closing out the remaining bear call spread portion of the condor. Going to let the bull put spread expire worthless. [/private_monthly]

Closing Details:
[private_monthly]

BTC -3 SPY Feb13 153 calls
STC 3 SPY Feb13 155 calls
for a max net debit of $0.19 per contract. The ask is currently at $0.18 (day order, limit order).

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